US Jobless Claims Plummet to 8-Month Low, Businesses Dodge Layoffs
TL;DR
The number of Americans applying for unemployment benefits dropped by 20,000 to an eight-month low of 201,000, indicating that businesses are avoiding layoffs due to labor shortages, which suggests ongoing economic expansion.
Topics:businesseconomy-and-politics#business#economic-expansion#economy-and-politics#jobless-claims#labor-shortages#unemployment-benefits
- Jobless claims fall to 8-month low of 201000. Businesses avoiding layoffs MarketWatch
- US Jobless Claims: Unemployment Benefits Fall to 201000 Bloomberg
- US Economy: Jobless Claims Fall to Eight-Month Low of 201,000 Bloomberg Television
- US weekly jobless claims unexpectedly fall Reuters
- US applications for jobless benefits fall to lowest level in nearly 8 months The Associated Press
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on MarketWatch